Chapter 10 THE ACQUISITION CYCLE- PURCHASE INVOICES AND PAYMENTS
Overview of the Process for Recording Invoices and Making Payments
Documenting the process for recording invoices and making payments: Identification of Events Record supplier invoice S
RELATIONAL DATABASE AND ENTERPRISE SYSTEM
In this chapter we focus on relational databases that store information in
tables. We look further into foreign and primary keys, the basic rules for
database design and the Structured Query Language (SQL).
CHAPTER 2 ACCOUNTANTS AS BUSINESS ANALYSTS
CHANGING ROLES OF ACCOUNTANTS IN BUSINESS
Before accountants focused on reporting functions, kept financial
records, prepared reports and performed audits where now they help
the enterprise optimize its processe
You need to make the decision between ethics and morale. We are going to go into something
called COSO. Ethics varies from cultures, to corporations. Ethical people can end up in
unethical sitatutions. Ethics is the reason for internal controls if everyon
SALES AND COLLECTIONS BUSINESS PROCESS
In this chapter we show how activity model in conjunction with
business rules can be used to develop, implement and monitor
control activities. We also learn how the structure model can be
used to develop a relationa
PURCHASES AND PAYMENTS BUSINESS PROCESS
Same as the last chapter we show how the activity model with the business
rules can be used to implement, monitor and control activities and how
the structure model can be used to make a relational database to suppo
CHAPTER 9 NOTES
In this chapter we are going to look at how AIS makes it easier for
management reporting using data warehouses, business intelligence
and dashboards. We are specifically are going to focus on eXtensible
Business Reporting Language (XBRL).
CONVERSION BUSINESS PROCESS
This chapter focuses on the process where manufacturing companies turn raw
material into finished goods. It covers how the activity model in conjunction with
business rules can be used to develop, implement and monitor control
CHAPTER 3 DATA MODELLING
This chapter describes how data models support database-driven systems. It
introduces basic data modeling tools to guide student development.
Structure models describe the data and the information structures
CHAPTER 1 AIS AND THE BUSINESS
Firms invest in information systems to create business value.
Most firms consider information to be a strategic asset and will use it to
develop a competitive advantage.
The role of an accountant is to keep f
This chapter looks at the control issues in AIS. WE looks at ethics internal controls
by the Sarbanes Oxley Act 2002 and corporate governance. This is important for
effectiveness, reliability in financial reporting and compliance with laws. We
In this chapter we are going to look at how frauds occur in Accounting
Information Systems and how AIS can be misuses in order to achieve
The AICPA conducts a survey and each year CPAS state that
information security is the top
Chapter 15-Assignment Suggested Solutions
Explain the 100% rule. Assume you are telling your roommate about this rule and use an example that is
relevant to him or her.
The 100% Rule, therefore, requires thorough and complete project planning, that is
Chapter 5 Suggested Answers
D1: Managers are concerned about many aspects of the sales and collection process. In
particular, they likely would collect product/inventory information about sales trends, customer
information about product preferences and cu
Chapter 1 Assignments Suggested Answers
Answers will vary. Here are some possibilities:
The cost of a cup of coffee, by type (e.g., Verona, Breakfast Blend, Gold Coast, etc.)
Monthly sales per square foot of retail space.
Employee cost for each operati
Chapter 4 Assignments Suggested Answers
Hierarchical data models organize data into a tree-like structure. In a hierarchical data model,
data elements are related to each other using one-to-many relationships. A network data model is
a flexible model r
Chapter 11 Assignments Suggested Answers
5. What are the differences between authentication and authorization?
Authentication ensures that users are who they claim to be. Authorization is the level of permission to
interact with syste
Chapter 7 Assignment Suggested Answers
The purchases and payments process would link to the conversion process through the raw material
resource, since purchases increase the quantity of raw material on hand. The conversion process would
link to the s
The benefits of an IT initiative should be compared to the revenues and costs expected if the IT initiative is not implemented.
The biggest issue faced in making this comparison is that an IT project is most likely to exceed expected costs while also
Chapter 10 Assignments Suggested Answers
1. How has the Sarbanes-Oxley Act affected the audit profession and corporate governance of
SOX requires public companies registered with the SEC and their auditors to annually as
Chapter 6 Assignment Suggested Answers
1. Business rules for Place Order, Receive Items, Assess Items, Place in Inventory, and Pay
Supplier process steps are clearly segregation of duties rules. These rules are generally
prohibited rules, since they d
Chapter 9 Assignments Suggested Answers
D4: Who will rely on XBRL data for decision making? Why is assurance needed on
XBRL data? Support your answer.
XBRL might be used by investors, financial analysts, regulators, and creditors (banks, etc.).
As these v